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Search Results 0 to 6 of about 7 (some duplicates have been removed)
NBC
Feb 19, 2013 5:30pm PST
of events with names like the debt ceiling deadline, the fiscal cliff, and the next one is barreling down the tracks. it is called the sequester, but it has nothing to do with a jury. and if it isn't stopped, if it's allowed to go through in ten days, huge automatic spending cuts go into effect. the president used some dire language to warn about it today. and tonight, nbc's john yang explains what this sequester is and the impact it could have for everyone. >> reporter: with no budget deal in sight and automatic spending cuts just days away, president obama said today it was the fault of congressional republicans. >> they haven't come together and done their jobs, and so as a consequence, we've got these automatic, brutal spending cuts. >> reporter: republicans blame the president. >> the president, back in the last session of congress, refused to cut spending in any place. >> reporter: they're fighting over a sequester. washington speak for the $1.2 trillion across-the-board spending cuts that would begin march 1st unless congress and the president agree on a deficit-cutting package. >>
CSPAN
Feb 18, 2013 10:30am EST
is under 2% growth. if we don't resolve some of the debt ceiling and some of spending cuts and get into some of the fiscal order that you were talking about, we are going to have that wait on us. and even though you proposed a lot of hope with japan in terms of some of the political leadership, they are still at negative growth was 7%. so now you're up to 50% or so of world gdp that is a drag on the economy. how do you look at the broadest sense of contagion as it relates to emerging market growth, developing country growth with 50% of world gdp possibly in a situation? >> i think the trade figures tell it all. whether you agree with the figure on growth or not. i think the trade figures show what's happening. and there's no doubt picking one of the countries you mentioned, china. i mean, china for the last 20 years has been double-digit growth. last year they had one of the worst years in recent memory. we'll see the final figures coming out. it didn't get below 7%. but when you move from double-digit down to seven something percent, and one of the major drivers of that was their
MSNBC
Feb 20, 2013 3:00am PST
ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same thing over and over again and expecting a different result. just in ter
CNBC
Feb 20, 2013 4:00am EST
the government at the end of march or allow a -- another debt ceiling crisis. i think it will be more of the same. like muddle through without that, you know, cathartic relief from all the fiscal uncertainty. but neither a catastrophe. >> all right. and stocks continue to run on monetary fumes as greg said. greg, thank you again for your time. great to see you this morning. >> all right. thanks, kelly. >>> the major news event in europe, the italian elections on sunday. italy's caretaker prime minister mario monty has come out swinging again the former premier, silvio berlusconi, saying he didn't maintain promises made in the past and that the new governor could govern well. this as the foul mouthed comedian/politician whipped a route into a frenzy into a rally in milan:we have more. >> reporter: supporters of the five-star movement out in force. some estimates suggest up to 100,000 people gathered in the square to hear him speak. he was treated like a rock star by the supporters that surrounded him as he left his camper van, the tsunami tour is what he's allegedly on right now. he certainly is g
Search Results 0 to 6 of about 7 (some duplicates have been removed)